2011 Instructions for Schedule SE (Form 1040)

2011

Use Schedule SE (Form 1040) to figure the tax due on net earnings from self-employment. The Social Security Administration uses the information from Schedule SE to figure your benefits under the social security program. This tax applies no matter how old you are and even if you are already getting social security or Medicare
benefits.

The IRS has created a page on IRS.gov for information about Form 1040 and its instructions, at
www.irs.gov/form1040. Information about any recent developments affecting Schedule SE will be posted on that
page.

For 2011, the Old Age, Survivors, and Disability Insurance (OASDI) portion of the SE tax is reduced by 2%, from 12.4% to 10.4%. The Medicare (HI) portion of the SE tax remains 2.9%. As a result, the SE tax rate is reduced from 15.3% to
13.3%.